Stating that the COVID-19 outbreak is ‘unprecedented’, housing and urban affairs secretary Durga Shanker Mishra has said that the government will soon bring out guidelines and regulatory measures to help the real estate sector in dealing with the crisis even as the real estate developers’ body NAREDCO has sought a $200-300 billion […]
NCR Realty Developers Plea: Please Set Aside Penalty Orders
Several developers in the National Capital Region have requested the Real Estate Regulatory Authority (RERA) of UP, Haryana and Delhi to delay recovery notices issued to builders by at least six months, in light of the Covid-19 crisis that has crippled the sector. These builders were ordered before the clamping […]
Corona Virus Might Lead to a Steep Fall in Property Prices in India
India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses across the country, according to a half-dozen industry insiders. “Property prices may come down by 10-20% across geographies, while land prices could see an even […]
Corona Virus Lock Down Effect: Q4 2020 May See Commercial Real Estate Deals Make A Comeback
The coronavirus pandemic and the subsequent lockdown have put several commercials deals across the country on hold and the trend is likely to continue, depending on how much time the country takes to tackle COVID 19. However, the market may stabilise in the fourth quarter of 2020, say real estate experts. […]
New Leasing Of Office Retail Space May Face A Slump Temporarily Due To The Lock Down
New Delhi: India’s commercial real estate, which has been performing well for last few years despite slowdown in the property market, is likely to be impacted due to nationwide lockdown as market experts see short-term affect on demand-supply of office and retail spaces, besides pressure on rentals values. Corporates and […]